Interest rate policies banking and the macroeconomy

dc.contributor.author	Quadrini, Vincenzo
dc.date.accessioned	2019-11-01T00:08:29Z
dc.date.available	2019-11-01T00:08:29Z
dc.date.issued	2019
dc.identifier.isbn	978-956-7421-60-2
dc.identifier.uri	https://hdl.handle.net/20.500.12580/3871
dc.description	The debate over the effectiveness of monetary policy often centers around the benefits of low interest rates as a stimulus for the real economy. The idea is that low interest rates encourage spending either in the form of consumption or investment and this promotes employment and production. The potential cost of low interest rates is the possibility of inflation not only in commodity prices but also in the price of assets (for example real estate). Therefore the debate about the desirability of low interest rates centers around the tradeoff between economic stimulus and higher inflation.
dc.format	.pdf
dc.format.extent	Sección o Parte de un Documento
dc.format.medium	p. 249-281
dc.language.iso	eng
dc.publisher	Banco Central de Chile
dc.relation.ispartof	Series on Central Banking Analysis and Economic Policies no. 26
dc.rights	Attribution-NonCommercial-NoDerivs 3.0 Chile	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/cl/	*
dc.subject	TASAS DE INTERÉS	es_ES
dc.subject	BANCOS	es_ES
dc.subject	MACROECONOMÍA	es_ES
dc.subject	POLÍTICA MONETARIA	es_ES
dc.title	Interest rate policies banking and the macroeconomy
dc.type.doc	Artículo
dc.file.name	BCCh-sbc-v26-p249_281

Excepto si se señala otra cosa, la licencia del ítem se describe como Attribution-NonCommercial-NoDerivs 3.0 Chile